Revised Home Loan Rates: ICICI & HDFC

Loans will get cheaper as ICICI & HDFC, the largest private sector banks of India have reduced loan rates.

Consumer Interest -

- ICICI Bank – Rate cut by 50 Basis Points

- HDFC Bank – Rate cut by 25 Basis Points

This is the second rate cut in last 6 weeks only and this rate cut will apply to new and existing Home & Auto Loans.

Important -

A 25-basis points cut reduces the loan EMI by around Rs.15 for every Rs.1 Lakh loans and a 50-basis points lowers the EMI by Rs.30

ICICI Bank had different Home loan slabs previously.

- Up to Rs.20 Lakh – 9.75%

- Rs.20-30 Lakh – 10%

- Rs.30 Lakh and above – 11.50%

Revised Home loan Rates

- Up to Rs. 30 Lakh – 9.25%

- More than Rs.30 Lakh – 10% & 11%, depending on the customer profile